Liberty Tax (TAX) Misses Q3 EPS by 11c
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March 5, 2015 6:35 AM EST
VIRGINIA BEACH, VA -- (Marketwired) -- 03/05/15 --
Liberty Tax, Inc. (NASDAQ: TAX) (the "Company"), the parent company of Liberty Tax Service, announced today that its Board of Directors has approved the initiation of a cash dividend to its shareholders. The first quarterly dividend of $0.16 per share will be paid on April 22, 2015 to holders of record of common stock and common stock equivalents on the close of business on April 15, 2015. While future dividends will be subject to Board approval, the Company is initially targeting an annual dividend payout of $0.64 per common share.
"We believe the... More
March 5, 2015 6:30 AM EST
VIRGINIA BEACH, VA -- (Marketwired) -- 03/05/15 --
Liberty Tax, Inc. (NASDAQ: TAX) (the "Company"), the parent company of Liberty Tax Service, today reported its results for the third fiscal quarter ended January 31, 2015.
"This has been a challenging season for us and the industry as a whole," said John Hewitt, CEO. "Despite the fact that we have continued to outperform the paid preparer category, our office and return count growth failed to meet the standards that we have come to expect. Going forward, we are focused on driving new sales, working with existing franchisees... More
